Form 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Report on Form 6-K dated 2 August 2018

(Commission File No. 001-35053)

 

 

INTERXION HOLDING N.V.

(Translation of Registrant’s Name into English)

 

 

Scorpius 30, 2132 LR Hoofddorp, The Netherlands, +31 20 880 7600

(Address of Principal Executive Office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒             Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) ):  ☐

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

 

 


This report contains Interxion Holding N.V.’s (1) second quarter 2018 earnings press release and (2) presentation materials to be used during a conference call with investors on 2 August 2018.

 

Exhibit

    
99.1    The press release “Interxion Reports Second Quarter 2018 Results”, dated 2 August 2018.
99.2    Presentation materials to be used during a conference call with investors on 2 August 2018.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

            INTERXION HOLDING N.V.
By:   /s/ David C. Ruberg
Name:   David C. Ruberg
Title:   Chief Executive Officer

Date: 2 August 2018

EX-99.1

Exhibit 99.1

 

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Press Release, 2 August 2018

Interxion Reports Second Quarter 2018 Results

Continuing Strong Demand Drives 15% Y/Y Revenue Growth

AMSTERDAM 2 August 2018 – InterXion Holding NV (NYSE: INXN), a leading European provider of carrier and cloud-neutral colocation data centre services, announced its results today for the three months ended 30 June 2018.

Financial Highlights*

 

   

Revenue increased 15% to €138.8 million (2Q 2017: €120.8 million).

 

   

Recurring revenue1 increased 16% to €131.7 million (2Q 2017: €113.4 million).

 

   

Net income decreased 94% to €0.6 million (2Q 2017: €9.7 million) and was impacted by €11.2 million (pre-tax) of one-off charges related to the recently completed refinancing.

 

   

Adjusted EBITDA2 increased by 17% to €63.4 million (2Q 2017: €54.3 million).

 

   

Adjusted EBITDA margin increased to 45.7% (2Q 2017: 45.0%).

 

   

Adjusted net income2 decreased by 6% to €8.9 million (2Q 2017: €9.4 million), which includes higher share-based payment charges.

 

   

Earnings per diluted share decreased by 94% to €0.01 (2Q 2017: €0.13) and was impacted by one-off charges related to the recently completed refinancing.

 

   

Adjusted earnings2 per diluted share decreased by 6% to €0.12 (2Q 2017: €0.13).

 

* 

Certain comparative figures for the three months and six months ended 30 June 2017 have been restated. For further details, see Note 2 and Note 29 of our 2017 Consolidated Financial Statements included on Form 20-F, filed with the SEC on 30 April 2018, and note 12 of our Condensed Consolidated Interim Financial Statements included on Form 6-K, filed with the SEC on 2 August 2018.

 

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Press Release, 2 August 2018

 

   

Capital expenditures, including intangible assets3, were €120.5 million (2Q 2017: €56.4 million).

 

   

Refinanced €875 million of secured debt with €1 billion in unsecured Senior Notes due 2025 and a new €200 million unsecured revolving credit facility.

Operating Highlights

 

   

Equipped space increased by 3,700 square metres in the second quarter to 132,600 square metres.

 

   

Revenue generating space increased by 2,100 square metres in the second quarter to 106,200 square metres.

 

   

Utilisation rate at the end of the second quarter was 80%.

 

   

During the second quarter, Interxion completed the following capacity additions:

 

   

1,200 sqm expansion in Dublin;

 

   

900 sqm data centre in Copenhagen;

 

   

500 sqm expansion in Paris;

 

   

400 sqm expansion in Vienna;

 

   

400 sqm expansion in Marseille; and

 

   

300 sqm expansion in Stockholm.

“Interxion continues to experience strong demand across markets and segments, driven by the digitisation of enterprise processes and consumer services,” said David Ruberg, Interxion’s Chief Executive Officer. “We are investing to expand capacity in our highly-connected data centres to meet the substantial demand that we are seeing from the major Cloud platforms and content providers and to grow the communities that are starting to form around them. Our recent refinancing provides us with the flexibility to maintain our strategic position and attractive returns profile.”

 

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Press Release, 2 August 2018

 

Quarterly Review

Revenue in the second quarter of 2018 was €138.8 million, a 15% increase over the second quarter of 2017 and a 4% increase over the first quarter of 2018. Recurring revenue was €131.7 million, a 16% increase over the second quarter of 2017 and a 4% increase over the first quarter of 2018. Recurring revenue in the second quarter represented 95% of total revenue. On a constant currency4 basis, revenue in the second quarter of 2018 was 16% higher than in the second quarter of 2017.

Cost of sales in the second quarter of 2018 was €53.7 million, a 12% increase over the second quarter of 2017 and a 2% increase over the first quarter of 2018.

Gross profit was €85.1 million in the second quarter of 2018, a 17% increase over the second quarter of 2017 and a 5% increase over the first quarter of 2018. Gross profit margin was 61.3% in the second quarter of 2018, compared with 60.3% in the second quarter of 2017 and 60.6% in the first quarter of 2018.

Sales and marketing costs in the second quarter of 2018 were €9.6 million, a 16% increase over the second quarter of 2017 and a 10% increase from the first quarter of 2018.

Other general and administrative costs (excluding depreciation and amortisation, share-based payments and M&A transaction costs) were €12.1 million in the second quarter of 2018, a 17% increase over the second quarter of 2017 and a 5% increase from the first quarter of 2018.

Depreciation and amortisation in the second quarter of 2018 was €32.2 million, an increase of 18% from the second quarter of 2017 and a 9% increase from the first quarter of 2018.

Operating income in the second quarter of 2018 was €26.3 million, an increase of 8% from the second quarter of 2017 and a 2% decrease from the first quarter of 2018.

 

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Press Release, 2 August 2018

 

Net finance expense in the second quarter of 2018 was €22.9 million. On 18 June 2018, Interxion completed a refinancing transaction, issuing €1,000.0 million of 4.75% Senior Notes due 2025 and entering into a €200.0 million unsecured multi-currency revolving credit facility. The proceeds of the notes issue were used to redeem the €625.0 million 6.00% Senior Secured Notes due 2020 and repay €250 million drawn under Interxion’s revolving credit facilities. Interxion recognized €11.2 million of one-time charges related to these transactions. Excluding the finance expense associated with the refinancing transactions, net finance expense in the second quarter was €11.7 million, an increase of 7% over the second quarter of 2017 and an increase of 3% over the first quarter of 2018.    

Income tax expense for the second quarter of 2018 was €2.8 million, a 25% decrease compared with the second quarter of 2017 and a 27% decrease from the first quarter of 2018.

Net income was €0.6 million in the second quarter of 2018, a 94% decrease over the second quarter of 2017 and a 95% decrease from the first quarter of 2018, reflecting the impact of the finance expense relating to the refinancing transactions discussed above.

Adjusted net income was €8.9 million in the second quarter of 2018, a 6% decrease over the second quarter of 2017 and a 26% decrease from the first quarter of 2018.

Adjusted EBITDA for the second quarter of 2018 was €63.4 million, a 17% increase over the second quarter of 2017 and a 4% increase over the first quarter of 2018. Adjusted EBITDA margin was 45.7% in the second quarter of 2018, compared with 45.0% in the second quarter of 2017 and 45.5% in the first quarter of 2018.

Net cash flows from operating activities were €31.6 million in the second quarter of 2018, compared with €35.7 million in the second quarter of 2017 and €34.6 million in the first quarter of 2018.

Cash generated from operations5 was €55.1 million in the second quarter of 2018, compared with €40.6 million in the second quarter of 2017 and €58.1 million in the first quarter of 2018.

 

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Press Release, 2 August 2018

 

Capital expenditures, including intangible assets, were €120.5 million in the second quarter of 2018, compared with €56.4 million in the second quarter of 2017 and €96.2 million in the first quarter of 2018.

Cash and cash equivalents were €133.6 million at 30 June 2018, compared with €38.5 million at year end 2017.

Total borrowings, net of deferred financing fees, were €1,079.8 million at 30 June 2018, compared with €832.6 million at year end 2017.

Equipped space at the end of the second quarter of 2018 was 132,600 square metres, compared with 117,000 square metres at the end of the second quarter of 20176 and 128,900 square metres at the end of the first quarter of 2018. Revenue generating space at the end of the second quarter of 2018 was 106,200 square metres, compared with 95,000 square metres at the end of the second quarter of 2017 and 104,100 square metres at the end of the first quarter of 2018. Utilisation rate, the ratio of revenue-generating space to equipped space, was 80% at the end of the second quarter of 2018, compared with 81% at the end of the second quarter of 2017 and 81% at the end of the first quarter of 2018.

 

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Press Release, 2 August 2018

 

Business Outlook

Interxion today is reaffirming guidance for Revenue and Adjusted EBITDA and updating guidance for full year 2018 for Capital expenditures (including intangibles):

 

Revenue

  

€553 million – €569 million

Adjusted EBITDA

  

€250 million – €260 million

Capital expenditures (including intangibles)

  

€365 million – €390 million

Conference Call to Discuss Results

Interxion will host a conference call today at 8:30 a.m. EDT (1:30 p.m. BST, 2:30 p.m. CEST) to discuss the results.

To participate on this call, U.S. callers may dial toll free 1-866-966-1396; callers outside the U.S. may dial direct +44 (0) 2071 928 000. The conference ID for this call is INXN. This event also will be webcast live over the Internet in listen-only mode at investors.interxion.com.

A replay of this call will be available shortly after the call concludes and will be available until 18 August 2018. To access the replay, U.S. callers may dial toll free 1-866-331-1332; callers outside the U.S. may dial direct +44 (0) 3333-009-785. The replay access number is 3174258.

Forward-looking Statements

This communication contains forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking statements. Factors that could cause actual results and future events to differ materially from Interxion’s expectations include, but are not limited to, the difficulty of reducing operating expenses in the short term, the inability to utilise the capacity of newly planned data centres and data centre expansions,

 

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Press Release, 2 August 2018

 

significant competition, the cost and supply of electrical power, data centre industry over-capacity, performance under service level agreements, delays in remediating the material weakness in internal control over financial reporting and/or making disclosure controls and procedure effective, certain other risks detailed herein and other risks described from time to time in Interxion’s filings with the United States Securities and Exchange Commission (the “SEC”).

Interxion does not assume any obligation to update the forward-looking information contained in this report.

Non-IFRS Financial Measures

Included in these materials are certain non-IFRS financial measures, which are measures of our financial performance that are not calculated and presented in accordance with IFRS, within the meaning of applicable SEC rules. These measures are as follows: (i) Adjusted EBITDA; (ii) Recurring revenue; (iii) Revenue on a constant currency basis; (iv) Adjusted net income; (v) Adjusted basic earnings per share; (vi) Adjusted diluted earnings per share and (vii) Cash generated from operations.

Other companies may present Adjusted EBITDA, Recurring revenue, Revenue on a constant currency basis, Adjusted net income, Adjusted basic earnings per share, Adjusted diluted earnings per share and Cash generated from operations differently than we do. Each of these measures are not measures of financial performance under IFRS and should not be considered as an alternative to operating income or as a measure of liquidity or an alternative to Profit for the period attributable to shareholders (“net income”) as indicators of our operating performance or any other measure of performance implemented in accordance with IFRS.

 

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Press Release, 2 August 2018

 

Adjusted EBITDA, Recurring revenue and Revenue on a constant currency basis

We define Adjusted EBITDA as Operating income adjusted for the following items, which may occur in any period, and which management believes are not representative of our operating performance:

 

   

Depreciation and amortisation – property, plant and equipment and intangible assets (except goodwill) are depreciated on a straight-line basis over the estimated useful life. We believe that these costs do not represent our operating performance.

 

   

Share-based payments – represents primarily the fair value at the date of grant of employee equity awards, which is recognised as an expense over the vesting period. In certain cases, the fair value is redetermined for market conditions at each reporting date, until the final date of grant is achieved. We believe that this expense does not represent our operating performance.

 

   

Income or expense related to the evaluation and execution of potential mergers or acquisitions (“M&A”) – under IFRS, gains and losses associated with M&A activity are recognised in the period in which such gains or losses are incurred. We exclude these effects because we believe they are not reflective of our ongoing operating performance.

 

   

Adjustments related to terminated and unused data centre sites – these gains and losses relate to historical leases entered into for certain brownfield sites, with the intention of developing data centres, which were never developed and for which management has no intention of developing into data centres. We believe the impact of gains and losses related to unused data centres are not reflective of our business activities and our ongoing operating performance.

In certain circumstances, we may also adjust for other items that management believes are not representative of our current ongoing performance. Examples include: adjustments for the cumulative effect of a change in accounting principle or estimate, impairment losses, litigation gains and losses or windfall gains and losses.

We define Recurring revenue as revenue incurred from colocation and associated power charges, office space, amortised set-up fees, cross-connects and certain recurring managed services (but excluding any ad hoc managed services) provided by us directly or through third parties, excluding rents received for the sublease of unused sites.

We believe Adjusted EBITDA and Recurring revenue provide useful supplemental information to investors regarding our ongoing operational performance. These measures help us and our investors evaluate the ongoing operating performance of the business after removing the impact of our capital structure (primarily interest expense) and our asset base (primarily depreciation and amortisation). Management believes that the presentation of Adjusted EBITDA, when combined with the primary IFRS presentation of net income, provides a more complete analysis of our operating performance.

 

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Press Release, 2 August 2018

 

Management also believes the use of Adjusted EBITDA facilitates comparisons between us and other data centre operators (including other data centre operators that are REITs) and other infrastructure-based businesses. Adjusted EBITDA is also a relevant measure used in the financial covenants of our revolving credit facility and our 4.75% Senior Notes due 2025.

A reconciliation from net income to Adjusted EBITDA is provided in the tables attached to this press release. Adjusted EBITDA and other key performance indicators may not be indicative of our historical results of operations, nor are they meant to be predictive of future results.

We present constant currency information for revenue to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than Euro are converted into Euro using the average exchange rates from the prior period rather than the actual exchange rates in effect during the current period.

We believe that revenue growth is a key indicator of how a company is progressing from period to period and presenting constant currency information for revenue provides useful supplemental information to investors regarding our ongoing operational performance because it helps us and our investors evaluate the ongoing operating performance of the business after removing the impact of acquisitions and currency exchange rates.

Adjusted net income, Adjusted basic earnings per share and Adjusted diluted earnings per share

We define Adjusted net income as net income adjusted for the following items and the related income tax effect, which may occur in any period, and which management believes are not reflective of our operating performance:

 

   

Income or expense related to the evaluation and execution of potential mergers or acquisitions (“M&A”) – under IFRS, gains and losses associated with M&A activity are recognised in the period in which such gains or losses are incurred. We exclude these effects because we believe they are not reflective of our ongoing operating performance.

 

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Press Release, 2 August 2018

 

   

Adjustments related to provisions – these adjustments are made for adjustments in provisions that are not reflective of the ongoing operating performance of Interxion. These adjustments may include changes in provisions for onerous lease contracts.

 

   

Adjustments related to capitalised interest – under IFRS, we are required to calculate and capitalise interest allocated to the investment in data centres and exclude it from net income. We believe that reversing the impact of capitalised interest provides information about the impact of the total interest costs and facilitates comparisons with other data centre operators.

In certain circumstances, we may also adjust for items that management believes are not representative of our current ongoing performance. Examples include: adjustments for the cumulative effect of a change in accounting principle or estimate, impairment losses, costs related to refinancing, litigation gains and losses or windfall gains and losses.

Management believe that the exclusion of certain items listed above provides useful supplemental information to net income to aid investors in evaluating the operating performance of our business and comparing our operating performance with other data centre operators and infrastructure companies. We believe the presentation of Adjusted net income, when combined with net income prepared in accordance with IFRS, is beneficial to a complete understanding of our performance. A reconciliation from reported net income to Adjusted net income is provided in the tables attached to this press release.

Adjusted basic earnings per share and Adjusted diluted earnings per share amounts are determined on Adjusted net income.

Cash generated from operations

Cash generated from operations is defined as net cash flows from operating activities, excluding interest and corporate income tax payments and receipts. Management believe that the exclusion of these items provides useful supplemental information to net cash flows from operating activities to aid investors in evaluating the cash generating performance of our business.

 

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Press Release, 2 August 2018

 

Management’s outlook for 2018 included in this press release includes a range for expected Adjusted EBITDA, a non-IFRS financial measure, which excludes items that management believes are not representative of our operating performance. These items include, but are not limited to, depreciation and amortisation, share-based payments, income or expense related to the evaluation and execution of potential mergers or acquisitions, adjustments related to terminated and unused data centre sites, and other significant items that currently cannot be predicted. The exact amount of these items is not currently determinable but may be significant. Accordingly, the company is unable to provide equivalent reconciliations from the corresponding forward-looking IFRS measures to expected Adjusted EBITDA.

-ENDS-

About Interxion

Interxion (NYSE: INXN) is a leading provider of carrier and cloud-neutral colocation data centre services in Europe, serving a wide range of customers through 50 data centres in 11 European countries. Interxion’s uniformly designed, energy efficient data centres offer customers extensive security and uptime for their mission-critical applications. With over 700 connectivity providers, 21 European Internet exchanges, and most leading cloud and digital media platforms across its footprint, Interxion has created connectivity, cloud, content and finance hubs that foster growing customer communities of interest. For more information, please visit www.interxion.com.

Contact information:

Interxion

Jim Huseby

Investor Relations

Tel: +1-813-644-9399

IR@interxion.com

 

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Press Release, 2 August 2018

 

1 

Recurring revenue is revenue incurred from colocation and associated power charges, office space, amortised set-up fees, cross-connects and certain recurring managed services (but excluding any ad hoc managed services) provided by us directly or through third parties, excluding rents received for the sublease of unused sites.

2 

Adjusted net income (or ‘Adjusted earnings’) and Adjusted EBITDA are non-IFRS figures intended to adjust for certain items and are not measures of financial performance under IFRS. Complete definitions can be found in the “Non-IFRS Financial Measures” section in this press release. Reconciliations of net income to Adjusted EBITDA and net income to Adjusted net income can be found in the financial tables later in this press release.

3 

Capital expenditures, including intangible assets, represent payments to acquire property, plant, equipment and intangible assets, as recorded in the consolidated statement of cash flows as “Purchase of property, plant and equipment” and “Purchase of intangible assets”, respectively.

4 

We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. For purposes of calculating Revenue on a constant currency basis, current and comparative prior period results for entities reporting in currencies other than Euro are converted into Euro using the average exchange rates from the prior period rather than the actual exchange rates in effect during the current period. The reconciliation of total revenue growth to total revenue growth on a constant currency basis, is as follows:

 

Three months ended 30 June 2018

   Year-on-year     Sequential  

Reported total revenue growth

     14.9     3.7

Add back: impact of foreign currency translation

     0.9     0.1
  

 

 

   

 

 

 

Total revenue growth on an organic constant currency basis

     15.8     3.8
  

 

 

   

 

 

 

 

5

We define Cash generated from operations as net cash flows from operating activities, excluding interest and corporate income tax payments and receipts.

6

Totals from the end of 1Q 2018 include 2,300 sqm of equipped space and 1,300 sqm of revenue generating space from Interxion Science Park. 2Q 2017 excludes the impact of Interxion Science Park.

 

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Press Release, 2 August 2018

 

INTERXION HOLDING NV

CONDENSED CONSOLIDATED INCOME STATEMENTS

(in €‘000 — except per share data and where stated otherwise)

(unaudited)

 

     Three Months Ended     Six Months Ended  
     Jun-30
2018
    Jun-30
2017(a)
    Jun-30
2018
    Jun-30
2017(a)
 

Revenue

     138,824       120,823       272,660       234,773  

Cost of sales

     (53,701     (47,926     (106,398     (92,021
  

 

 

   

 

 

   

 

 

   

 

 

 

Gross Profit

     85,123       72,897       166,262       142,752  

Other income

     —         —         86       27  

Sales and marketing costs

     (9,601     (8,285     (18,309     (16,210

General and administrative costs

     (49,250     (40,310     (94,894     (78,421
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating income

     26,272       24,302       53,145       48,148  

Net finance expense

     (22,895     (10,920     (34,299     (21,207
  

 

 

   

 

 

   

 

 

   

 

 

 

Profit or loss before income taxes

     3,377       13,382       18,846       26,941  

Income tax expense

     (2,795     (3,727     (6,608     (7,027
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income

     582       9,655       12,238       19,914  
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings per share(b): (€)

     0.01       0.14       0.17       0.28  

Diluted earnings per share(c): (€)

     0.01       0.13       0.17       0.28  

Number of shares outstanding at the end of the period (shares in thousands)

     71,609       71,060       71,609       71,060  

Weighted average number of shares for Basic EPS (shares in thousands)

     71,481       71,035       71,455       70,907  

Weighted average number of shares for Diluted EPS (shares in thousands)

     71,946       71,688       71,902       71,546  
           As at  

Capacity metrics

               Jun-30
2018
    Jun-30
2017
 

Equipped space (in square meters)(d)

         132,600       117,000  

Revenue generating space (in square meters)(d)

         106,200       95,000  

Utilisation rate

         80     81

 

(a)

Certain comparative figures for the three months and six months ended 30 June 2017 have been restated. For further details, see Note 2 and Note 29 of our 2017 consolidated financial statements as included in our 20-F, filed with the SEC on 30 April 2018, and note 12 of our Condensed Consolidated Interim Financial Statements, filed with the SEC under a 6-K on 2 August 2018.

(b)

Basic earnings per share are calculated as net income divided by the weighted average number of shares for Basic EPS.

(c)

Diluted earnings per share are calculated as net income divided by the weighted average number of shares for Diluted EPS.

(d)

Totals from the end of 1Q 2018 include 2,300 sqm of equipped space and 1,300 sqm of revenue generating space from Interxion Science Park. 2Q 2017 square meters exclude the impact of Interxion Science Park.

 

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Press Release, 2 August 2018

 

INTERXION HOLDING NV

NOTES TO CONDENSED CONSOLIDATED INCOME STATEMENTS: SEGMENT INFORMATION

(in €‘000 — except where stated otherwise)

(unaudited)

 

     Three Months Ended     Six Months Ended  
     Jun-30
2018
    Jun-30
2017(a)
    Jun-30
2018
    Jun-30
2017(a)
 

Consolidated

        

Recurring revenue

     131,709       113,427       258,671       221,702  

Non-recurring revenue

     7,115       7,396       13,989       13,071  
  

 

 

   

 

 

   

 

 

   

 

 

 

Revenue

     138,824       120,823       272,660       234,773  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income

     582       9,655       12,238       19,914  

Net income margin

     0.4     8.0     4.5     8.5
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating income

     26,272       24,302       53,145       48,148  

Operating income margin

     18.9     20.1     19.5     20.5
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA

     63,431       54,313       124,306       105,650  
  

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit margin

     61.3     60.3     61.0     60.8

Adjusted EBITDA margin

     45.7     45.0     45.6     45.0

Total assets

     1,975,113       1,589,211       1,975,113       1,589,211  

Total liabilities

     1,361,149       1,015,136       1,361,149       1,015,136  

Capital expenditure, including intangible assets(b)

     (120,515     (56,441     (216,709     (111,198

France, Germany, the Netherlands, and the UK

        

Recurring revenue

     87,317       74,183       170,771       144,181  

Non-recurring revenue

     4,196       4,688       8,653       8,070  
  

 

 

   

 

 

   

 

 

   

 

 

 

Revenue

     91,513       78,871       179,424       152,251  

Operating income

     30,311       24,784       57,946       48,770  

Operating income margin

     33.1     31.4     32.3     32.0
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA

     51,388       43,115       99,366       83,284  
  

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit margin

     63.2     62.0     62.2     61.9

Adjusted EBITDA margin

     56.2     54.7     55.4     54.7

Total assets

     1,360,299       1,130,979       1,360,299       1,130,979  

Total liabilities

     269,553       231,445       269,553       231,445  

Capital expenditure, including intangible assets(b)

     (82,556     (40,753     (153,130     (75,819

Rest of Europe

        

Recurring revenue

     44,392       39,244       87,900       77,521  

Non-recurring revenue

     2,919       2,708       5,336       5,001  
  

 

 

   

 

 

   

 

 

   

 

 

 

Revenue

     47,311       41,952       93,236       82,522  
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating income

     18,643       16,445       38,242       33,155  

Operating income margin

     39.4     39.2     41.0     40.2
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA

     27,171       24,041       54,742       47,695  
  

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit margin

     65.0     65.2     66.3     66.0

Adjusted EBITDA margin

     57.4     57.3     58.7     57.8

Total assets

     443,999       379,372       443,999       379,372  

Total liabilities

     83,303       82,176       83,303       82,176  

Capital expenditure, including intangible assets(b)

     (29,805     (13,635     (52,472     (29,852

Corporate and other

        

Operating income

     (22,682     (16,927     (43,043     (33,777
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA

     (15,128     (12,843     (29,802     (25,329
  

 

 

   

 

 

   

 

 

   

 

 

 

Total assets

     170,815       78,860       170,815       78,860  

Total liabilities

     1,008,293       701,515       1,008,293       701,515  

Capital expenditure, including intangible assets(b)

     (8,154     (2,053     (11,107     (5,527

 

(a)

Certain comparative figures for the three months and six months ended 30 June 2017 have been restated. For further details, see Note 2 and Note 29 of our 2017 consolidated financial statements as included in our Form 20-F, filed with the SEC on 30 April 2018, and note 12 of our Condensed Consolidated Interim Financial Statements, filed with the SEC under a Form 6-K on 2 August 2018.

(b)

Capital expenditure, including intangible assets, represents payments to acquire property, plant and equipment and intangible assets, as recorded in the condensed consolidated statements of cash flows as “Purchase of property, plant and equipment” and “Purchase of intangible assets”, respectively.

 

14


LOGO

Press Release, 2 August 2018

 

INTERXION HOLDING NV

NOTES TO CONDENSED CONSOLIDATED INCOME STATEMENTS: ADJUSTED EBITDA RECONCILIATION

(in €‘000 — except where stated otherwise)

(unaudited)

 

     Three Months Ended     Six Months Ended  
     Jun-30
2018
    Jun-30
2017(a)
    Jun-30
2018
    Jun-30
2017(a)
 

Reconciliation to Adjusted EBITDA

        

Consolidated

        

Net income

     582       9,655       12,238       19,914  

Income tax expense

     2,795       3,727       6,608       7,027  
  

 

 

   

 

 

   

 

 

   

 

 

 

Profit before taxation

     3,377       13,382       18,846       26,941  

Net finance expense

     22,895       10,920       34,299       21,207  
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating income

     26,272       24,302       53,145       48,148  

Depreciation and amortisation

     32,191       27,209       61,750       51,392  

Share-based payments

     3,927       2,246       7,249       4,808  

Income or expense related to the evaluation and execution of potential mergers or acquisitions:

        

M&A transaction costs(b)

     1,041       556       2,248       1,329  

Items related to terminated or unused data centre sites:

        

Items related to sub-leases on unused data centre sites(c)

     —         —         (86     (27
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA(d)

     63,431       54,313       124,306       105,650  
  

 

 

   

 

 

   

 

 

   

 

 

 

France, Germany, the Netherlands, and the UK

        

Operating income

     30,311       24,784       57,946       48,770  

Depreciation and amortisation

     20,818       18,097       40,903       33,996  

Share-based payments

     259       234       603       545  

Items related to terminated or unused data centre sites:

        

Items related to sub-leases on unused data centre sites(c)

     —         —         (86     (27
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA(d)

     51,388       43,115       99,366       83,284  
  

 

 

   

 

 

   

 

 

   

 

 

 

Rest of Europe

        

Operating income

     18,643       16,445       38,242       33,155  

Depreciation and amortisation

     8,223       7,382       15,971       14,340  

Share-based payments

     305       214       529       200  
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA(d)

     27,171       24,041       54,742       47,695  
  

 

 

   

 

 

   

 

 

   

 

 

 

Corporate and Other

        

Operating income

     (22,682     (16,927     (43,043     (33,777

Depreciation and amortisation

     3,150       1,730       4,876       3,056  

Share-based payments

     3,363       1,798       6,117       4,063  

Income or expense related to the evaluation and execution of potential mergers or acquisitions:

        

M&A transaction costs(b)

     1,041       556       2,248       1,329  
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA(d)

     (15,128     (12,843     (29,802     (25,329
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(a)

Certain comparative figures for the three months and six months ended 30 June 2017 have been restated. For further details, see Note 2 and Note 29 of our 2017 consolidated financial statements as included in our Form 20-F, filed with the SEC on 30 April 2018, and note 12 of our Condensed Consolidated Interim Financial Statements, filed with the SEC under a Form 6-K on 2 August 2018.

(b)

“M&A transaction costs” are costs associated with the evaluation, diligence and conclusion or termination of merger or acquisition activity. These costs are included in “General and administrative costs”.

(c)

“Items related to sub-leases on unused data centre sites” represents the income on sub-lease of portions of unused data centre sites to third parties. This income is treated as “Other income”.

(d)

“Adjusted EBITDA” is a non-IFRS financial measure. See “Non-IFRS Financial Measures” for more information, including why we believe Adjusted EBITDA is useful, and the limitations on the use of Adjusted EBITDA.

 

15


LOGO

Press Release, 2 August 2018

 

INTERXION HOLDING NV

CONDENSED CONSOLIDATED BALANCE SHEET

(in €‘000 — except where stated otherwise)

(unaudited)

 

     As at  
     Jun-30
2018
    Dec-31
2017
 

Non-current assets

    

Property, plant and equipment

     1,492,495       1,342,471  

Intangible assets

     61,872       60,593  

Goodwill

     38,900       38,900  

Deferred tax assets

     29,439       24,470  

Other investments

     4,731       3,693  

Other non-current assets

     18,338       13,674  
  

 

 

   

 

 

 
     1,645,775       1,483,801  

Current assets

    

Trade receivables and other current assets

     195,775       179,786  

Cash and cash equivalents

     133,563       38,484  
  

 

 

   

 

 

 
     329,338       218,270  
  

 

 

   

 

 

 

Total assets

     1,975,113       1,702,071  
  

 

 

   

 

 

 

Shareholders’ equity

    

Share capital

     7,160       7,141  

Share premium

     547,549       539,448  

Foreign currency translation reserve

     984       2,948  

Hedging reserve, net of tax

     (173     (169

Accumulated profit

     58,444       47,360  
  

 

 

   

 

 

 
     613,964       596,728  

Non-current liabilities

    

Other non-current liabilities

     19,536       15,080  

Deferred tax liabilities

     23,192       21,336  

Borrowings

     1,077,900       724,052  
  

 

 

   

 

 

 
     1,120,628       760,468  

Current liabilities

    

Trade payables and other current liabilities

     228,677       229,878  

Income tax liabilities

     7,371       6,237  

Borrowings

     4,473       108,760  
  

 

 

   

 

 

 
     240,521       344,875  
  

 

 

   

 

 

 

Total liabilities

     1,361,149       1,105,343  
  

 

 

   

 

 

 

Total liabilities and shareholders’ equity

     1,975,113       1,702,071  
  

 

 

   

 

 

 

 

16


LOGO

Press Release, 2 August 2018

 

INTERXION HOLDING NV

NOTES TO THE CONDENSED CONSOLIDATED BALANCE SHEET: BORROWINGS

(in €‘000 — except where stated otherwise)

(unaudited)

 

     As at  
     Jun-30
2018
    Dec-31
2017
 

Borrowings net of cash and cash equivalents

    

Cash and cash equivalents

     133,563       38,484  
  

 

 

   

 

 

 

4.75% Senior Notes due 2025(a)

     983,368       —    

6.00% Senior Secured Notes due 2020(b)

     —         628,141  

Mortgages

     48,199       53,640  

Financial leases

     50,806       51,127  

Borrowings under our Revolving Facilities

     —         99,904  
  

 

 

   

 

 

 

Borrowings excluding Revolving Facility deferred financing costs

     1,082,373       832,812  
  

 

 

   

 

 

 

Revolving Facility deferred financing costs(c)

     (2,604     (204
  

 

 

   

 

 

 

Total borrowings

     1,079,769       832,608  
  

 

 

   

 

 

 

Borrowings net of cash and cash equivalents

     946,206       794,124  
  

 

 

   

 

 

 

 

(a)

€1,000 million 4.75% Senior Notes due 2025 are shown after deducting commissions, offering fees and expenses.

(b)

€625 million 6.00% Senior Secured Notes due 2020 included a premium on additional issuances and are shown after deducting underwriting discounts and commissions, offering fees and expenses. The Senior Secured Notes were redeemed with a portion of the proceeds from the issuance of the 4.75% Senior Notes due 2025.

(c)

Deferred financing costs of €2.6 million as of 30 June 2018 were incurred in connection with the €200 million Senior Unsecured Revolving Credit Facility, entered into on 18 June 2018. Deferred financing costs of €0.2 million as of 31 December 2017 were incurred in connection with the €100 million Senior Secured Revolving Facility, which was repaid in 2018.

 

17


LOGO

Press Release, 2 August 2018

 

INTERXION HOLDING NV

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in €‘000 — except where stated otherwise)

(unaudited)

 

     Three Months Ended     Six Months Ended  
     Jun-30
2018
    Jun-30
2017(a)
    Jun-30
2018
    Jun-30
2017(a)
 

Net income

     582       9,655       12,238       19,914  

Depreciation and amortisation

     32,191       27,209       61,750       51,392  

Share-based payments

     3,646       2,215       6,863       3,809  

Net finance expense

     22,895       10,920       34,299       21,207  

Income tax expense

     2,795       3,727       6,608       7,027  
  

 

 

   

 

 

   

 

 

   

 

 

 
     62,109       53,726       121,758       103,349  

Movements in trade receivables and other assets

     (13,858     (16,191     (20,055     (13,388

Movements in trade payables and other liabilities

     6,858       3,051       11,486       13,581  
  

 

 

   

 

 

   

 

 

   

 

 

 

Cash generated from / (used in) operations

     55,109       40,586       113,189       103,542  

Interest and fees paid(b)

     (18,600     (2,462     (38,831     (20,912

Interest received

     —         8       —         (53

Income tax paid

     (4,893     (2,474     (8,166     (5,305
  

 

 

   

 

 

   

 

 

   

 

 

 

Net cash flows from / (used in) operating activities

     31,616       35,658       66,192       77,272  

Cash flows from / (used in) investing activities

        

Purchase of property plant and equipment

     (117,534     (53,399     (211,751     (106,322

Financial investments - deposits

     114       (148     280       (366

Acquisition InterXion Science Park B.V.

     —         —         —         (77,517

Purchase of intangible assets

     (2,981     (3,042     (4,958     (4,876

Loans provided

     (834     (1,341     (1,251     (1,341
  

 

 

   

 

 

   

 

 

   

 

 

 

Net cash flows from / (used in) investing activities

     (121,235     (57,930     (217,680     (190,422

Cash flows from / (used in) financing activities

        

Proceeds from exercised options

     1,186       541       1,257       4,088  

Repayment of mortgages

     (4,948     (872     (5,496     (1,420

Proceeds from revolving credit facilities

     69,376       —         148,814       74,775  

Repayment of revolving facilities

     (250,724     —         (250,724     (30,000

Proceeds 4.75% Senior Notes

     990,000       —         990,000       —    

Repayment 6.00% Senior Secured Notes

     (634,375     —         (634,375     —    

Transaction costs 4.75% Senior Notes

     (1,192     —         (1,192     —    

Transaction costs 2018 revolving credit facility

     (1,636     —         (1,636     —    
  

 

 

   

 

 

   

 

 

   

 

 

 

Net cash flows from / (used in) financing activities

     167,687       (331     246,648       47,443  

Effect of exchange rate changes on cash

     159       (695     (81     (943
  

 

 

   

 

 

   

 

 

   

 

 

 

Net increase / (decrease) in cash and cash equivalents

     78,227       (23,298     95,079       (66,650

Cash and cash equivalents, beginning of period

     55,336       72,541       38,484       115,893  
  

 

 

   

 

 

   

 

 

   

 

 

 

Cash and cash equivalents, end of period

     133,563       49,243       133,563       49,243  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(a)

Certain comparative figures for the three months and six months ended 30 June 2017 have been restated. For further details, see Note 2 and Note 29 of our 2017 consolidated financial statements as included in our Form 20-F, filed with the SEC on 30 April 2018, and note 12 of our Condensed Consolidated Interim Financial Statements, filed with the SEC under a Form 6-K on 2 August 2018.

(b)

Interest and fees paid is reported net of cash interest capitalized, which is reported as part of “Purchase of property, plant and equipment”.

 

18


LOGO

Press Release, 2 August 2018

 

INTERXION HOLDING NV

NOTES TO CONDENSED CONSOLIDATED INCOME STATEMENTS: ADJUSTED NET INCOME RECONCILIATION

(in €‘000 — except per share data and where stated otherwise)

(unaudited)

 

     Three Months Ended     Six Months Ended  
     Jun-30
2018
    Jun-30
2017(a)
    Jun-30
2018
    Jun-30
2017(a)
 

Net income - as reported

     582       9,655       12,238       19,914  

Add back

        

+ Charges related to termination of financing arrangements(b)

     11,171       —         11,171       —    

+ M&A transaction costs

     1,041       556       2,248       1,329  
  

 

 

   

 

 

   

 

 

   

 

 

 
     12,212       556       13,419       1,329  

Reverse

        

- Interest capitalised

     (1,181     (853     (2,065     (1,765
  

 

 

   

 

 

   

 

 

   

 

 

 
     (1,181     (853     (2,065     (1,765

Tax effect of above add backs & reversals

     (2,758     74       (2,839     109  
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted net income

     8,855       9,432       20,753       19,587  
  

 

 

   

 

 

   

 

 

   

 

 

 

Reported basic EPS: (€)

     0.01       0.14       0.17       0.28  

Reported diluted EPS: (€)

     0.01       0.13       0.17       0.28  

Adjusted basic EPS: (€)

     0.12       0.13       0.29       0.28  

Adjusted diluted EPS: (€)

     0.12       0.13       0.29       0.27  

 

(a)

Certain comparative figures for the three months and six months ended 30 June 2017 have been restated. For further details, see Note 2 and Note 29 of our 2017 consolidated financial statements as included in our Form 20-F, filed with the SEC on 30 April 2018, and note 12 of our Condensed Consolidated Interim Financial Statements, filed with the SEC under a Form 6-K on 2 August 2018.

(b)

These charges relate to the repayment of our 6.00% Senior Secured Notes due 2020 and the termination of our revolving credit facility agreements.

 

19


LOGO

Press Release, 2 August 2018

 

INTERXION HOLDING NV

Status of Announced Expansion Projects as at 2 August 2018

with Target Open Dates after 31 March 2018

 

Market

  

Project

   CAPEX (a)(b)
(€ million)
     Equipped
Space (a)
(sqm)
    

Schedule

Amsterdam

  

AMS8: Phases 3 - 6

     63        5,300      4Q 2018 - 1Q 2019 (c)

Amsterdam

  

AMS9: Phase 2

     8        500      4Q 2018

Amsterdam

  

AMS10: Phases 1 - 2

     128        6,800      4Q 2019 - 1Q 2020 (d)

Copenhagen

  

CPH2: Phases 3 - 5

     18        1,500      2Q 2018 - 2Q 2019 (e)

Dublin

  

DUB3: Phases 3 - 4

     17        1,200      2Q 2018

Frankfurt

  

FRA13: Phases 1 - 2 New Build

     90        4,900      4Q 2018 - 1Q 2019 (f)

Frankfurt

  

FRA14: Phases 1-2 New Build

     76        4,600      3Q 2019 - 4Q 2019 (g)

London

  

LON3: New Build

     35        1,800      3Q 2018 - 4Q 2018 (h)

Madrid

  

MAD3: New Build

     44        2,500      2Q 2019 (i)

Marseille

  

MRS2: Phase 2 - 3

     47        2,600      2Q 2018 - 2Q 2019 (j)

Paris

  

PAR7.2: Phase B (cont.) - C

     47        2,500      2Q 2018 -1Q 2019 (k)

Stockholm

  

STO5: Phases 2 -3

     19        1,200      1Q 2018 - 1Q 2019 (l)

Vienna

  

VIE2: Phase 7 - 9

     94        4,300      4Q 2017 - 4Q 2020 (m)

Total

      686        39,700     

 

(a)

CAPEX and Equipped space are approximate and may change. Figures are rounded to nearest 100 sqm unless otherwise noted. Totals may not add due to rounding.

(b)

CAPEX reflects the total spend for the projects listed at full power and capacity and the amounts shown in the table above may be invested over the duration of more than one fiscal year.

(c)

AMS8: Phases 3 and 4 (1,300 sqm each) are scheduled to open in 4Q 2018; phases 5 and 6 (1,300 sqm each) are scheduled to open in 1Q 2019.

(d)

AMS10: Phase 1 (2,700 sqm) is scheduled to open in 4Q 2019; phase 2 (4,100 sqm) is scheduled to open in 1Q 2020.

(e)

CPH2: Phases 3 and 4 (900 sqm total) became operational in 2Q 2018; phase 5 (600 sqm) is scheduled to open in 2Q 2019.

(f)

FRA13: Phase 1 (2,300 sqm) is scheduled to become operational in 4Q 2018; phase 2 (2,600 sqm) is scheduled to become

(g)

FRA14: Phase 1 (2,400 sqm) is scheduled to open in 3Q 2019; phase 2 (2,200 sqm) is scheduled to open in Q4 2019.

(h)

LON3: 900 square metres is scheduled to become operational in 3Q 2018; another 900 square metres is scheduled to become operational in 4Q 2018.

(i)

MAD3: Capex total for MAD3 includes land purchase price.

(j)

MRS2: 400 square metres became operational in 2Q 2018; 300 meters is scheduled to become operational in 3Q 2018; another 1,900 square metres is scheduled to become operational in 2Q 2019.

(k)

PAR7.2: Phase B (cont.) (500 sqm) became operational in 2Q 2018; Phase C (2,000 sqm) is scheduled to become operational in 1Q 2019.

(l)

STO5: Phases 2-3 - 100 sqm became operational in 1Q 2018; 300 sqm became operational in 2Q 2018; 800 sqm is scheduled to become operational in 1Q 2019.

(m)

VIE2: 1,000 square metres became operational in 4Q 2017 through 2Q 2018; 900 square metres is scheduled to become operational in 4Q 2018; 700 square metres is scheduled to become operational in 2Q 2019; 1,000 sqm scheduled to open in 3Q 2019; and 700 sqm scheduled to open in 4Q 2020.

 

20

EX-99.2

Slide 1

2Q 2018 Earnings Conference Call NYSE: INXN 2 August 2018 Exhibit 99.2 Exhibit 99.2


Slide 2

This document includes forward-looking statements. All statements other than statements of historical fact included in this document regarding our business, financial condition, results of operations and certain of our plans, objectives, assumptions, projections, expectations or beliefs with respect to these items and statements regarding other future events or prospects, are forward-looking statements. These statements include, without limitation, those concerning: our strategy and our ability to achieve it; expectations regarding sales, profitability and growth; plans for the construction of new data centres; our possible or assumed future results of operations; research and development, capital expenditure and investment plans; adequacy of capital; and financing plans. The words “aim,” “may,” “will,” “expect,” “anticipate,” “believe,” “future,” “continue,” “help,” “estimate,” “plan,” “schedule,” “intend,” “should,” “shall” or the negative or other variations thereof as well as other statements regarding matters that are not historical fact, are or may constitute forward-looking statements. In addition, this document includes forward-looking statements relating to our potential exposure to various types of market risks, such as foreign exchange rate risk, interest rate risks and other risks related to financial assets and liabilities. We have based these forward-looking statements on our management’s current view with respect to future events and financial performance. These views reflect the best judgment of our management but involve a number of risks and uncertainties which could cause actual results to differ materially from those predicted in our forward-looking statements and from past results, performance or achievements. Although we believe that the estimates reflected in the forward-looking statements are reasonable, such estimates may prove to be incorrect. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, among other things: operating expenses cannot be easily reduced in the short term; inability to utilise the capacity of newly planned data centres and data centre expansions; significant competition; cost and supply of electrical power; data centre industry over-capacity; performance under service level agreements; and delays in remediating the material weakness in internal control over financial reporting and/or making disclosure controls and procedure effective All forward-looking statements included in this document are based on information available to us on the date of this document. The Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained throughout this document. This document contains references to certain non-IFRS financial measures, such as Adjusted EBITDA, Recurring revenue, Adjusted net income and Adjusted diluted earnings per share. For definitions of these measures and a reconciliation of these measures to the nearest IFRS measure, please refer to the appendix and the tables attached to our 2Q18 press release. The non-IFRS measure Revenue growth on a constant currency basis is reconciled in the footnotes within this document. Certain financial and other information presented in this document has not been audited or reviewed by our independent auditors. Certain numerical, financial data, other amounts and percentages in this document may not sum due to rounding. In addition, certain figures in this document have been rounded to the nearest whole number. Disclaimer


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Strategic & Operational Highlights David Ruberg – Chief Executive Officer


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Financial Execution Total revenue grew 15% Y/Y 16% Y/Y constant currency(1) Recurring revenue grew 16% Y/Y Adjusted EBITDA grew 17% Y/Y Adjusted EBITDA margin at 45.7% Capital expenditure of €120.5 million including intangibles Refinanced debt to increase financial flexibility Operational Execution Added 3,700 sqm of new equipped space Expanded DUB3, CPH2, STO5, VIE2, MRS2 and PAR7 Installed 2,100 sqm of revenue generating space Utilisation rate at 80% In 2Q 2018, announced capacity expansion: Over 11,000 sqm of new capacity, including AMS10, FRA14 and others Land acquisition in Amsterdam 2Q 2018 Performance Strong Growth Driven by Healthy Demand and Consistent Execution Constant currency revenue growth represents total revenue growth adjusted for +0.9% FX impact.


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2Q Revenue €138.8 million Grew 15% Y/Y and 4% Q/Q 2Q Recurring revenue €131.7 million Grew 16% Y/Y and 4% Q/Q 95% of total revenue 2Q Adjusted EBITDA €63.4 million Grew 17% Y/Y and 4% Q/Q 2Q Adjusted EBITDA margin 45.7% 2Q 2018 Financial Highlights Adjusted EBITDA & Margin (€ millions) 45.1% 45.7% Margin 45.0% Revenue (€ millions) Non- recurring revenue Recurring revenue 16% Recurring Revenue Growth and 17% Adjusted EBITDA Growth Y/Y in 2Q 2018 120.8 124.6 45.5% 129.9 45.5% 133.8 138.8


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Equipped space of 132,600 sqm(1) 3,700 sqm added in the quarter Revenue generating space of 106,200 sqm(1) 2,100 sqm installed in the quarter Utilisation rate of 80% 2Q 2018 Operational Highlights Equipped & Revenue Generating Space (1,000’s sqm) Available Equipped space Revenue generating space 81% 80% 81% Utilisation 82% 117.0 High Utilisation with Sustained Growth in Revenue Generating Space 118.9 81% Totals from January 1, 2018 include 2,300 sqm of equipped space and 1,300 sqm of revenue generating space from Interxion Science Park. Prior quarters exclude the impact of Interxion Science Park. 122.5 128.9 132.6


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Capacity Expansion Across Footprint Capacity additions completed in 2Q 2018: DUB3: ~1,200 sqm CPH2: ~900 sqm PAR7: ~500 sqm VIE2: ~400 sqm MRS2: ~400 sqm STO5: ~300 sqm New data centres announced in 2Q 2018: AMS10: ~6,800 sqm FRA14: ~4,600 sqm Expansions totaling over 38,000 sqm scheduled to open between in 2018 and 2019 Expands capacity by over 30% Solid pre-sales provide revenue visibility Note: Totals may not add due to rounding. As of 2 August 2018. Capex and Equipped Space are approximate and may change. Capex reflects the total spend for the listed project at full power and capacity and the amounts shown in the table above may be invested over the duration of more than one fiscal year. Market Data Centre Project Project CapEx (€ millions) Equipped Space (sqm) Schedule Project Opened(1) Amsterdam AMS8 Phases 3-6 63 5,300 0 4Q18 – 1Q19 Amsterdam AMS9 Phase 2 8 500 0 4Q18 Amsterdam AMS10 Phases 1-2 128 6,800 0 4Q19 – 1Q20 Copenhagen CPH2 Phases 3 – 5 18 1,500 900 2Q18 – 2Q19 Dublin DUB3 Phases 3-4 17 1,200 1,200 2Q18 Frankfurt FRA13 Phases 1-2 New Build 90 4,900 0 4Q18-1Q19 Frankfurt FRA14 Phases 1-2 New Build 76 4,600 0 3Q19-4Q19 London LON3 New Build 35 1,800 0 3Q18 – 4Q18 Madrid MAD3 New Build 44 2,500 0 2Q19 Marseille MRS2 Phases 2 – 3 47 2,600 400 2Q18 – 2Q19 Paris PAR7.2 Phase B (cont.)-C 47 2,500 500 2Q18 - 1Q19 Stockholm STO5 Phases 2 – 3 19 1,200 400 1Q18 – 1Q19 Vienna VIE2 Phases 7 - 9 94 4,300 1,000 4Q17 – 4Q20


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33% 35% 32% Communities of Interest Deliver Significant Customer Value Connectivity Platforms Enterprises


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Financial Highlights Richard Rowson – Interim Chief Financial Officer


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Revenue grew 15% Y/Y and 4% Q/Q Revenue on a constant currency basis grew 16% Y/Y and 4% Q/Q GBP approximately 8% of 2Q 2018 total revenue Recurring ARPU was €418 Gross profit grew 17% Y/Y and 5% Q/Q Gross profit margins were 61.3% Adjusted EBITDA grew 17% Y/Y and 4% Q/Q Adjusted EBITDA margins were 45.7%, up 70 bps Y/Y Net income and EPS (diluted) includes €11.2 million of one-off charges related to refinancing 2Q 2018 Results Recurring revenue, Non-recurring revenue, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, and Adjusted earnings per share (diluted) are non-IFRS figures intended to adjust for certain items. Full definitions can be found in the “Definitions” section of this presentation. Reconciliations of net income to Adjusted EBITDA can be found in the financial tables later in the appendix of this presentation. Reconciliations of net income to Adjusted net income can be found in the tables attached to our 2Q18 press release. Net income and EPS figures for 2Q 2017 have been restated. For further details, see Note 2 and Note 29 of our audited consolidated financial statements in the 2017 annual report (Form 20-F) and Note 12 of the Interim Report for the three month and six month periods ended 30 June 2018. € millions (except per share amounts) 2Q 2017 1Q 2018 2Q 2018 2Q 2018 vs. 2Q 2017 2Q 2018 vs. 1Q 2018 Recurring revenue(1) 113.4 127.0 131.7 16% 4% Non-recurring revenue(1) 7.4 6.9 7.1 (4%) 4% Revenue 120.8 133.8 138.8 15% 4% Gross profit 72.9 81.1 85.1 17% 5% Gross profit margin 60.3% 60.6% 61.3% 100 bps 70 bps Adjusted EBITDA(1) 54.3 60.9 63.4 17% 4% Adjusted EBITDA(1) margin 45.0% 45.5% 45.7% 70 bps 20 bps Net income(2) 9.7 11.7 0.6 (94%) (95%) EPS (diluted)(2) €0.13 €0.16 €0.01 (94%) (95%) Adjusted net income(1) 9.4 11.9 8.9 (6%) (26%) Adjusted EPS (diluted)(1) €0.13 €0.17 €0.12 (6%) (26%)


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2Q 2018 Reporting Segment Analysis Revenue grew 13% Y/Y, 3% Q/Q 15% Y/Y and 3% Q/Q constant currency Recurring revenue grew 13% Y/Y, 2% Q/Q Adjusted EBITDA grew 13% Y/Y, down 1% Q/Q Strength in Austria, Ireland and Sweden Note: This analysis excludes “Corporate & Other” segment. Totals may not add due to rounding. Big 4: Constant currency revenue growth Y/Y represents total revenue growth adjusted for + 0.3% FX impact. Constant currency revenue growth Q/Q represents total revenue growth adjusted for (0.1%) FX impact. ROE: Constant currency revenue growth Y/Y represents total revenue growth adjusted for: + 2.1% FX impact. Constant currency revenue growth Q/Q represents total revenue growth adjusted for 0.4% FX impact. Revenue grew 16% Y/Y, 4% Q/Q 16% Y/Y and 4% Q/Q constant currency Recurring revenue grew 18% Y/Y, 5% Q/Q Adjusted EBITDA grew 19% Y/Y, 7% Q/Q Strength in Germany and France Revenue Adjusted EBITDA Adjusted EBITDA margin (€ millions) 54.7% 53.7% 56.2% 57.3% 59.1% 58.8% France, Germany, Netherlands & UK 54.6% 60.0% 56.2% 57.4% Rest of Europe (1) (2) 18% Recurring Revenue and 19% Adjusted EBITDA Y/Y Growth in Big 4


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Disciplined Investments(1) 82% 81% 81% Utilisation 81% Increasing Capital Expenditures in Response to Demand 69% of capex invested in Big 4 91% of capex invested in discretionary expansion projects Maintenance capex was 3% of total revenue Other capex was 3% of total revenue Inclusive of Intangibles. Totals may not add due to rounding. 80%


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5.1% blended cost of debt 2Q 2018 LTM Cash ROGIC 10% Leverage: 4.6x gross leverage(2) 4.0x net leverage(3) Financing during 2Q 2018: Issued €1,000 million of unsecured 4.75% Senior Notes due 2025 Redeemed €625 million of 6.0% Senior Secured Notes Put in place new €200 million unsecured RCF which was undrawn as of 30 June 2018 Repaid €250 million of secured RCFs Strong Balance Sheet Total Borrowings = 4.75% Senior Notes due 2025 (2017: 6.00% Senior Secured Notes due 2020), shown after deducting underwriting discounts and commissions, offering fees and expenses + Mortgages + Financial Leases + Revolving facilities borrowings + Other Borrowings – Revolving facility deferred financing costs. Gross Leverage Ratio =  (4.75% Senior Notes due 2025 (2017: 6.00% Senior Secured Notes due 2020) at face value + Mortgages + Financial Leases + Revolving facilities borrowings + Other Borrowings)  /  LTM Adjusted EBITDA. Net Leverage Ratio = (4.75% Senior Notes due 2025 (2017: 6.00% Senior Secured Notes due 2020) at face value + Mortgages + Financial Leases + Revolving facilities balance + Other Borrowings – Cash & Cash Equivalents)  /  LTM Adjusted EBITDA. € millions 30-Jun-18 31-Dec-17 Cash & Cash Equivalents 133.6 38.5 Total Borrowings(1) 1,079.8 832.6 Shareholders Equity 614.0 596.7 Gross Leverage Ratio(2) 4.6x 3.8x Net Leverage Ratio(3) 4.0x 3.6x Increased Liquidity with Improved Terms and Enhanced Flexibility


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37 fully built-out data centres(1)(2) Space fully equipped Some power upgrades yet to come As of 1 January 2017 91,400 sqm of equipped space 83% utilisation 9% LTM constant currency recurring revenue growth 23% annual cash return Disciplined Investments Drive Strong Returns Q2 2018 LTM Returns (€ millions) Attractive Cash Returns from Fully Built-Out Data Centres(1) Fully Built-Out Data Centre: a data centre for which materially all equippable space is equipped as at 1 January 2017. However, note, future power upgrades can further increase the capacity of a fully built out data centre. 37 Fully Built-Out Data Centres as of 1 January 2017: AMS1, AMS3, AMS4, AMS5, AMS6, AMS7, BRU1, CPH1, DUB1, DUB2, FRA1, FRA2, FRA3, FRA4, FRA5, FRA6, FRA7, FRA8, FRA9, FRA10, DUS1, DUS2, LON1, LON2, MAD1, MAD2, PAR1, PAR2, PAR3, PAR4, PAR5, PAR6, STO1, STO2, STO3, STO4 and VIE1. Represents total cumulative investments in Data Centre Assets, including freehold land and buildings, infrastructure and equipment and Intangible assets including goodwill, as of 30 June 2018.


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Business Commentary Outlook & Concluding Remarks David Ruberg – Chief Executive Officer


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Substantial Opportunity Ahead Adoption Time Enterprises Platforms Connectivity Hybrid Cloud Data Explosion Cloud Migration & Digital Transformation Global Cloud & Content Delivery Data Traffic Growth


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Evolution of Enterprise IT Architecture Old World: Fixed & On Premise → New World: Mobile & Cloud (+ SD-WAN & IoT) Old World: Fixed & On Premise New World: Mobile & Cloud (+ IoT) Secure Perimeter Internet Customers Enterprise Data Centre HQ Office Employees Branch Office Branch Office Branch Office Employees Employees Employees Enterprise Data Centre IoT Interconnection Hub WAN SaaS Platform Customers Employees Mobile Internet PaaS/ IaaS Platform Employees Employees


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Guidance for 2018 Revenue €553m – €569m Adjusted EBITDA(1) €250m – €260m Capital Expenditures €365m – €390m Adjusted EBITDA is a non-IFRS figure intended to adjust for certain items. The definition of Adjusted EBITDA can be found on the “Definitions” section in this slide deck. Interxion does not provide an outlook for an IFRS profitability metric. Consequently, the company is unable to reconcile the outlook for Adjusted EBITDA.


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Questions & Answers


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Appendix


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A leading carrier & cloud neutral data centre operator across Europe Interxion Overview 50 Data Centres in Operation 13 Cities 11 Countries 700 Connectivity Providers 20+ Internet Exchanges 500+ Platform Providers 2,000+ Customers 700+ Employees


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Track Record Of Execution Note: Includes Interxion Science Park as of 24 Feb. 2017. CAGR calculated as 2017 vs 2010. Adjusted EBITDA margin calculated as Adjusted EBITDA divided by Revenue. CAGR(1) = 13% CAGR(1) = 16% 38% 40% 42% 43% 43% 44% 45% 45% 45% 46% 21% 17% 13% 11% 11% 13% 9% 16% 17% 15% 47 Consecutive Quarters of Revenue and Adjusted EBITDA Growth YOY Growth 26% 23% 18% 15% 11% 17% 11% 16% 19% 17% Adjusted EBITDA Margin(2) YOY Growth


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Illustrative ARPU Development ARPU increases over time as IT workloads increase: Customers initially contract for space, connectivity and modest power reservation(1) As workloads increase, larger power reservation fees and cross-connects are required and energy consumption increases Revenue grows from space, cross-connects, power reservation and energy consumption over time As data centres fill with customers: Revenue mix initially tilted toward space As space becomes more fully utilised, revenue growth from power reservation and energy consumption can continue Power reservation is the fee for infrastructure power (cooling, power distribution, etc.). Customer ARPU Development Data Centre Recurring Revenue Development Power Reservation & Energy Consumption Cross-Connects Revenue Develops Over Time Driven by Power Reservation and Energy Consumption Space Installed


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Historical Financial Results Note: Figures rounded to nearest net € 0.1 Million. Totals may not add due to rounding. Includes €0.8 million, €0.6 million, €1.6 million, €1.6 million, €1.2 million, €1.0 million and €2.4 million of M&A transaction cost in 1Q17, 2Q17, 3Q17, 4Q17, 1Q18, 2Q18 and full year 2016 respectively. Quarterly and annual net income results for 2016 and 2017 are restated. For further details, see Note 2 and Note 29 of our audited consolidated financial statements in the 2017 annual report (Form 20F) and Note 12 of the Interim Report for the three months and six months period ended 30 June 2018). Includes €11.2 million of one-time charges related to termination of financing arrangements. Includes gain on sale of financial asset. € millions (except as noted) 2017 2018 2016 2017 1Q 2Q 3Q 4Q 1Q 2Q FY FY Recurring revenue 108.3 113.4 117.4 123.4 127.0 131.7 400.0 462.5 Non-recurring revenue 5.7 7.4 7.3 6.5 6.9 7.1 21.8 26.8 Total revenue 113.9 120.8 124.6 129.9 133.8 138.8 421.8 489.3 Gross profit 69.9 72.9 75.0 81.0 81.1 85.1 259.2 298.8 Gross profit margin 61.3% 60.3% 60.2% 62.4% 60.6% 61.3% 61.5% 61.1% Adj EBITDA 51.3 54.3 56.2 59.1 60.9 63.4 190.9 221.0 Adj EBITDA margin 45.1% 45.0% 45.1% 45.5% 45.5% 45.7% 45.3% 45.2% Net income / (loss) 10.3(1) 9.7(1) 9.4(1) 9.7(1) 11.7(1) 0.6(1)(2) 38.3(1)(3) 39.1(1) CapEx paid 54.8 56.4 75.2 69.7 96.2 120.5 250.9 256.0 Expansion / upgrade 49.0 46.0 69.7 60.2 90.1 109.6 228.8 224.8 Maintenance & other 4.0 7.4 4.0 7.0 4.2 7.9 13.2 22.4 Intangibles 1.8 3.0 1.4 2.5 2.0 3.0 8.9 8.8 Cash generated from operations 63.0(1) 40.6(1) 55.2(1) 50.3(1) 58.1(1) 55.1(1) 183.4(1) 209.0(1) Gross PP&E 1.728.5 1,778.3 1,844.6 1,935.1 2,020.8 2,139.5 1,651.1 1,935.1 Gross intangible assets 113.3 114.8 114.9 117.0 119.7 122.5 42.3 117.0 Gross Goodwill 40.2 39.4 38.9 38.9 38.9 38.9 ‒ 38.9 LTM Cash ROGIC 11% 11% 11% 11% 10% 10% 11% 11%


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Historical Reporting Segment Financial Results Note: Figures rounded to nearest net € 0.1 Million. Totals may not add due to rounding. € millions (except as noted) 2017 2018 2016 2017 1Q 2Q 3Q 4Q 1Q 2Q FY FY Big 4 Recurring revenue 70.0 74.2 76.6 81.6 83.5 87.3 256.0 302.3 Non-recurring revenue 3.4 4.7 4.3 3.9 4.5 4.2 13.8 16.3 Total revenue 73.4 78.9 80.8 85.6 87.9 91.5 269.8 318.6 Gross profit margin 61.9% 62.0% 61.0% 64.4% 61.1% 63.2% 62.6% 62.4% Adj EBITDA 40.2 43.1 43.4 48.1 48.0 51.4 148.2 174.8 Adj EBITDA margin 54.7% 54.7% 53.7% 56.2% 54.6% 56.2% 54.9% 54.9% Rest of Europe Recurring revenue 38.3 39.2 40.8 41.8 43.5 44.4 144.0 160.2 Non-recurring revenue 2.3 2.7 3.0 2.5 2.4 2.9 8.1 10.5 Total revenue 40.6 42.0 43.8 44.3 45.9 47.3 152.0 170.7 Gross profit margin 66.8% 65.2% 65.8% 66.7% 67.6% 65.0% 65.9% 66.1% Adj EBITDA 23.7 24.0 25.9 26.1 27.6 27.2 88.2 99.7 Adj EBITDA margin 58.3% 57.3% 59.1% 58.8% 60.0% 57.4% 58.0% 58.4% Corporate & Other Adj EBITDA (12.5) (12.8) (13.1) (15.1) (14.7) (15.1) (45.5) (53.5)


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Historical Operating Metrics(1) Interxion Science Park was acquired in February 2017. One data center added to “Data centres in operation” at 1Q 2017. Totals from 1Q 2018 include 2,300 sqm of equipped space and 1,300 sqm of revenue generating space from Interxion Science Park. All figures at the end of the period, except as noted. Maximum equippable customer power includes the announced maximum equippable customer power from current and announced data centres as of the date of each quarter’s respective report. Utilisation as of the end of the reporting period. Space figures in square metres(2) Recurring ARPU in € Customer Power in MW(2) 2016 2017 2018 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Equipped space 101,600 104,200 107,800 110,800 114,100 117,000 118,900 122,500 128,900 132,600 Equipped space added 400 2,600 3,600 3,000 3,300 2,900 1,900 3,600 4,000 3,700 Revenue generating space 80,400 81,600 84,100 87,200 89,800 95,000 97,100 99,800 104,100 106,200 RGS added 1,300 1,200 2,500 3,100 2,600 5,200 2,100 2,700 2,900 2,100 Recurring ARPU 406 409 402 403 405 403 401 411 412 418 Utilisation (%)(3) 79% 78% 78% 79% 79% 81% 82% 81% 81% 80% Equipped customer power 120 123 129 131 136 142 146 160 166 169 Maximum equippable customer power 178 178 187 187 195 203 223 225 241 276 Data centres in operation 41 42 42 44 45 45 48 49 50 50


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Scheduled Equipped Space Additions Figures rounded to nearest net 100 sqm for each country unless otherwise noted. Totals may not add due to rounding. Excludes acquisition of Interxion Science Park, which added approximately 2,300 sqm from 1Q 2017. Future expansion additions based on announced schedule, which is subject to change; additions scheduled for the first half of the year are noted in the second quarter and additions scheduled for the second half of the year are noted in the fourth quarter. AMS2 exited in 1Q 2016. Space figures in square metres(1) 2016 2017(2) 2018E(3) 2019E(3) 2020E 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3QE 4QE 1QE 2QE 3QE 4QE FYE Big 4 France ‒ ‒ 800 500 1,600 1,500 100 ‒ ‒ 900 300 ‒ 2,000 1,900 ‒ ‒ ‒ Germany 1,200 1,800 2,400 ‒ ‒ ‒ 1,100 2,400 2,400 ‒ ‒ 2,300 2,600 ‒ 2,400 2,200 ‒ Netherlands(4) (700) ‒ ‒ 1,500 1,300 ‒ ‒ ‒ ‒ ‒ ‒ 3,100 2,600 ‒ ‒ 2,700 4,100 UK ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ 900 900 ‒ ‒ ‒ ‒ ‒ Subtotal 400 1,800 3,200 2,000 3,000 1,500 1,200 2,400 2,400 800 1,200 6,300 7,200 1,900 2,400 4,900 4,100 Rest of Europe Austria ‒ ‒ 300 ‒ ‒ 1,100 ‒ 300 400 400 ‒ 900 ‒ 700 1,000 ‒ 700 Belgium ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ 1,100 ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ Denmark ‒ 500 ‒ ‒ 300 300 ‒ ‒ ‒ 900 ‒ ‒ ‒ 600 ‒ ‒ ‒ Ireland ‒ ‒ ‒ 1,200 ‒ ‒ ‒ ‒ ‒ 1,200 ‒ ‒ ‒ ‒ ‒ ‒ ‒ Spain ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ 2,500 ‒ ‒ ‒ Sweden ‒ 200 ‒ ‒ 100 ‒ 300 200 100 300 ‒ ‒ 800 ‒ ‒ ‒ ‒ Switzerland ‒ ‒ ‒ ‒ ‒ ‒ 400 700 100 ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ Subtotal ‒ 700 300 1,200 400 1,400 700 1,200 1,700 2,800 ‒ 900 800 3,800 1,000 ‒ ‒ Total additional equipped space 400 2,600 3,600 3,000 3,300 2,900 1,900 3,600 4,000 3,700 1,200 7,200 8,000 5,700 3,400 4,900 4,800 16,200 sqm in 2018E 11,700 sqm in 2017 9,600 sqm in 2016 22,000 sqm in 2019E


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Space Analysis by Country Note: Figures rounded to nearest net 100 sqm for each country unless otherwise noted. Totals may not add due to rounding. As of 30 June 2018. Expansions announced after the end of the quarter are excluded. Maximum Equippable Space (incl DC’s under construction) = Equipped Space + Under Construction Space + Unequipped Space. Future expansion additions based on announced schedules only, which is subject to change; excludes expansions announced after the end of the period. Space figures in square metres Data Centres in Operation / under Construction Maximum Equippable Space in Country(1) (incl DC’s under construction) Equipped Space in Country Equipped Space Under Construction in Country(2) Unequipped Space Available for Development Big 4 France 9 33,000 24,300 4,200 4,500 Germany 16 39,600 30,100 9,500 0 Netherlands 9 45,100 25,100 12,500 7,500 UK 3 8,700 6,900 1,800 0 Subtotal 37 126,400 86,300 28,000 12,000 Rest of Europe Austria 2 13,300 10,000 3,300 0 Belgium 2 6,200 6,200 0 0 Denmark 2 6,400 5,800 600 0 Ireland 3 5,800 5,800 0 0 Spain 3 8,200 5,700 2,500 0 Sweden 5 7,300 5,800 800 700 Switzerland 1 7,100 7,000 0 0 Subtotal 18 54,300 46,300 7,200 700 Total 55 180,600 132,600 35,200 12,700


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Pan-European Data Centre Portfolio 18 Location Owned / Leased Build Out Status(1) Maximum Equippable Space (sqm)(2) Location Owned / Leased Build Out Status(1) Maximum Equippable Space (sqm)(2) Big 4 France Netherlands MRS1 Owned Expanding 6,400 AMS1 Leased Fully 600 MRS2 Leased Expanding 4,500 AMS3 Owned Fully 3,000 PAR1 Leased Fully 1,400 AMS4 Leased Fully NM (4) PAR2 Leased Fully 2,900 AMS5 Leased Fully 4,300 PAR3 Owned Fully 1,900 AMS6 Owned Fully 4,400 PAR4 Leased Fully 1,300 AMS7 Finance Lease(3) Fully 7,600 PAR5 Owned Fully 4,000 AMS8 Finance Lease Expanding 7,900 AMS9 Owned Expanding 2,800 AMS10 Owned Under Construction 14,400 PAR6 Leased Fully 1,300 UK PAR7 Finance Lease (3) Expanding 9,300 LON1 Leased Fully 5,400 LON2 Leased Fully 1,500 LON3 Leased Under Construction 1,800 Germany DUS1 Leased Fully 3,300 FRA7 Leased Fully 1,500 DUS2 Leased Fully 1,200 FRA8 Owned Fully 3,700 FRA1 Leased Fully 500 FRA9 Leased Fully 800 FRA2 Leased Fully 1,100 FRA10 Owned Fully 4,800 FRA3 Leased Fully 2,200 FRA11 Owned Expanding 4,800 FRA4 Leased Fully 1,400 FRA12 Leased Expanding 1,100 FRA5 Leased Fully 1,700 FRA13 Owned Under Construction 4,900 FRA6 Leased Fully 2,200 FRA14 Owned Under Construction 4,600 ROE Austria   Spain       VIE1 Owned Fully 4,700 MAD1 Leased Fully 4,000 VIE2 Owned Expanding 8,500 MAD2 Leased Fully 1,700 MAD3 Owned Under Construction 2,500 Belgium     Sweden     BRU1 Owned Fully 5,100 STO1 Leased Fully 1,900 BRU2 Leased Expanding 1,100 STO2 Leased Fully 1,200 Denmark     STO3 Leased Fully 900 CPH1 Leased Fully 3,700 STO4 Leased Fully 1,100 CPH2 Owned Expanding 2,600 STO5 Leased Expanding 2,200 Ireland     Switzerland     DUB1 Leased Fully 1,100 ZUR1 Leased Expanding 7,100 DUB2 Leased Fully 2,300 DUB3 Owned Expanding 2,300 Total 180,600 Note: Totals may not add due to rounding. (1) Built Out Status as of 1 January 2017, consistent with slide 14. (2) As of 30 June 2018. (3) Purchase options have been exercised, though not yet closed. (4) Maximum equippable space for AMS4 is included in the maximum equippable space of AMS1. Totals: # sqm %         Owned 18 85,500 47% Finance Lease 3 24,800 14% Operating Lease 34 70,400 39% Total 55 180,600 100%


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Non-IFRS Reconciliation Note: Figures rounded to nearest net € 0.1 million. Totals may not add due to rounding. Net income and share-based payments for 2014, 2015, 2016 and 2017 are restated. For further details, see Note 2 and Note 29 of our audited consolidated financial statements in the 2017 annual report (Form 20F) and Note 12 of the Interim Report for the three month and six month periods ended 30 June 2018. Includes € 31.0 million in one time charges related to debt refinancing. Includes €11.2 million of one-time charges related to termination of financing arrangements. € millions (except as noted) 2010 2011 2012 2013 2014 2015 2016 2017 2018 1Q 2Q 3Q 4Q 1Q 2Q Net income(1) 14.7 25.5 31.6 6.9(2) 34.4 46.7 38.3 10.3 9.7 9.4 9.7 11.7 0.6(3) Income tax expense / (benefit) 2.5 9.7 15.8 6.1 15.5 17.9 16.4 3.3 3.7 4.1 3.7 3.8 2.8 Profit / (loss) before taxation 17.2 35.2 47.4 13.0 49.9 64.6 54.7 13.6 13.4 13.5 13.4 15.5 3.4 Net finance expense 29.5 22.9 17.8 57.5(2) 27.9 29.0 36.3 10.3 10.9 10.8 12.3 11.4 22.9(3) Operating profit 46.7 58.1 65.2 70.5 77.8 93.6 91.0 23.8 24.3 24.4 25.8 26.9 26.3 Depreciation, amortisation and impairments 31.1 35.6 44.0 57.6 62.2 78.3 89.8 24.2 27.2 27.8 29.1 29.6 32.2 Share-based payments(1) 1.7 2.6 5.4 4.2 7.2 9.0 7.9 2.6 2.2 2.4 2.7 3.3 3.9 Increase/(decrease) in provision for onerous lease contracts 0.2 0.0 0.8 ‒ (0.8) (0.2) ‒ ‒ ‒ ‒ ‒ ‒ ‒ IPO transaction costs ‒ 1.7 ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ ‒ M&A transaction break fee income ‒ ‒ ‒ ‒ ‒ (20.9) ‒ ‒ ‒ ‒ ‒ ‒ ‒ M&A transaction costs ‒ ‒ ‒ ‒ 0.3 11.9 2.4 0.8 0.6 1.6 1.6 1.2 1.0 Income from sub-leases on unused data centre sites (0.4) (0.4) (0.4) (0.3) (0.4) (0.4) (0.1) (0.0) ‒ ‒ (0.1) (0.1) ‒ Increase/(decrease) in provision for site restoration ‒ ‒ ‒ ‒ ‒ ‒ (0.2) ‒ ‒ ‒ ‒ ‒ ‒ Adjusted EBITDA 79.2 97.6 115.0 131.9 146.4 171.2 190.8 51.3 54.3 56.2 59.1 60.9 63.4


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Reconciliation to Segment Adjusted EBITDA Note: Figures rounded to nearest net € 0.1 million. Totals may not add due to rounding. Operating profit / (loss) and share based payments for 2017 are restated. For further details, see Note 2 and Note 29 of our audited consolidated financial statements in the 2017 annual report (Form 20F) and Note 12 of the Interim Report for the three month and six month periods ended 30 June 2018. € millions 2017 2018 1Q 2Q 3Q 4Q 1Q 2Q BIG 4 Operating profit 24.0 24.8 24.2 28.2 27.6 30.3 Depreciation, amortisation and impairments 15.9 18.1 18.8 19.9 20.1 20.8 Share-based payments 0.3 0.2 0.4 0.1 0.3 0.3 Income from sub-leases on unused data centre sites ‒ ‒ ‒ (0.1) (0.1) ‒ Adjusted EBITDA 40.2 43.1 43.4 48.1 48.0 51.4   ROE Operating profit 16.7 16.4 18.3 18.5 19.6 18.6 Depreciation, amortisation and impairments 7.0 7.4 7.5 7.5 7.7 8.2 Share-based payments (0.0) 0.2 0.1 0.1 0.2 0.3 Adjusted EBITDA 23.7 24.0 25.9 26.1 27.6 27.2   CORPORATE & OTHER Operating profit/(loss)(1) (16.9) (16.9) (18.1) (20.9) (20.4) (22.7) Depreciation, amortisation and impairments 1.3 1.7 1.5 1.6 1.7 3.2 Share-based payments(1) 2.3 1.8 1.9 2.5 2.8 3.4 M&A transaction costs 0.8 0.6 1.6 1.6 1.2 1.0 Adjusted EBITDA (12.5) (12.8) (13.1) (15.1) (14.7) (15.1)


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Adjusted EBITDA: We define Adjusted EBITDA as Operating Income adjusted for depreciation, amortisation and impairments, share-based payments, income or expense related to the evaluation and execution of potential mergers or acquisitions and adjustments related to terminated and unused data centre sites. In certain circumstances, we may also adjust for gains or losses that management believes are not representative of our current ongoing performance. Examples include: adjustments for the cumulative effect of a change in accounting principle or estimate, impairment losses, litigation gains and losses or windfall gains and losses (e.g., Dutch crisis wage tax, IPO transaction costs) Adjusted diluted earnings per share: Adjusted diluted earnings per share amounts are determined on adjusted net profit Adjusted net profit: We define adjusted net profit as net profit adjusted to exclude income or expense related to the evaluation and execution of potential mergers or acquisitions, adjustments to provisions which are not reflective of our ongoing performance, and adjustments related to capitalised interest. In certain circumstances, we may also adjust for gains or losses that management believes are not representative of our current ongoing performance. Examples of this would include: adjusting for the cumulative effect of a change in accounting principle or estimate, impairment losses, litigation gains and losses or windfall gains and losses (e.g., Dutch crisis wage tax, IPO transaction costs) Big 4: France, Germany, the Netherlands and the UK CAGR: Compound Annual Growth Rate Capital expenditures including intangible assets: Represent payments to acquire property, plant & equipment and intangible assets as recorded on our consolidated statement of cash flows as "Purchase of property, plant and equipment" and "Purchase of intangible assets”, respectively. Investments in intangibles assets include power grid rights and software development Cash generated from operations: net cash flows from operating activities, excluding interest and corporate income tax payments and receipts. Cash ROGIC: Cash Return on Gross Invested Capital (Cash ROGIC) defined as (Adjusted EBITDA less maintenance and other capex) divided by {Average of opening and closing (gross PP&E plus gross intangible assets plus gross goodwill)} Constant Currency: Measurements of the given metric that eliminate the effects of foreign currency rate fluctuations. To calculate this information, current and comparative prior period results for entities reporting in currencies other than Euro are converted into Euro using the average exchange rates from the comparative period rather than the actual exchange rates in effect during the respective periods.  Corporate and Other: Unallocated items comprised of mainly general and administrative expenses, assets and liabilities associated with our headquarters operations, provisions for onerous contracts (relating to the discounted amount of future losses expected to be incurred in respect of unused data centre sites over the term of the relevant leases) and revenue and expenses related to those onerous contracts, loans and borrowings and related expenses and income tax assets and liabilities Definitions CDNs: Content Distribution Networks Churn: Contracted Monthly Recurring Revenue which came to an end during the month as a percentage of the total contracted Monthly Recurring Revenue at the beginning of the month. Churn is calculated as a monthly average over the last 12 months. Customer Available Power: The current installed electrical customer capacity Equipped Space: The amount of data centre space that, on the relevant date, is equipped and either sold or could be sold, without making any significant additional investments to common infrastructure LTM or Last Twelve Months: Twelve month period ended 30 June 2018, unless otherwise noted MW: Megawatts Recurring ARPU: Monthly recurring revenue per square metre calculated as {reported recurring revenue in the quarter divided by 3} divided by {sum of prior and current quarter end reported revenue generating space divided by 2} Recurring Revenue: Revenue incurred from colocation and associated power charges, office space, amortised set-up fees, cross-connects and certain recurring managed services (but excluding any ad hoc managed services) provided by us directly or through third parties, excluding rents received for the sublease of unused sites Rest of Europe / ROE: Austria, Belgium, Denmark, Ireland, Spain, Sweden, and Switzerland Revenue Generating Space: the amount of Equipped Space that is under contract and billed on the relevant date SQM: Square metres Utilisation Rate: on the relevant date, Revenue Generating Space as a percentage of Equipped Space. Some Equipped Space is not fully utilised due to customers' specific requirements regarding the layout of their equipment. In practice, therefore, Utilisation Rate does not reach 100% YTM: Yield to maturity


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Interxion Leadership David Ruberg, Chief Executive Officer Richard Rowson, Interim Chief Financial Officer Giuliano Di Vitantonio, Chief Marketing & Strategy Officer Jan-Pieter Anten, SVP, Human Resources Jaap Camman, SVP, Legal Adriaan Oosthoek, SVP, IT & Operations Support Sell-Side Analyst Coverage Bank of America Merrill Lynch, Michael Funk Barclays Capital, Amir Rozwadowski Citi, Mike Rollins Cowen, Colby Synesael Guggenheim, Rob Gutman Oppenheimer, Tim Horan Raymond James, Frank Louthan RBC Capital Markets, Jon Atkin Stifel, Erik Rasmussen Sun Trust Robinson Humphrey, Greg Miller Wells Fargo, Jennifer Fritzsche William Blair, Jim Breen Investor Relations Jim Huseby, VP, Investor Relations T: +1 813 644 9399 E: ir@interxion.com


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